Mumbai, December 18, 2025 — Shares of Ola Electric Mobility Limited continued to dip in early trade on Thursday after the company’s founder, Bhavish Aggarwal, offloaded a sizeable portion of his personal holdings through open market transactions.

The stock fell by nearly 3{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247}, trading around ₹32.22 per share during the morning session and hitting an intra-day low of ₹31.56. This keeps the stock hovering close to its 52-week low, despite broader market strength — with the Nifty 50 gaining about 0.29{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} at the same time.

As per data from the National Stock Exchange, Aggarwal sold around 4.19 crore equity shares at an average price of ₹33.96 on Wednesday. The total value of the transaction is estimated at ₹142 crore. The identity of the buyers was not disclosed in the exchange records.

In a statement, Ola Electric clarified that the sale was part of a one-time plan to repay a personal promoter-level loan of ₹260 crore. The company stated that the repayment was done through a mix of personal income and monetisation of a small portion of shares. With this transaction, all share pledges at the promoter level have been fully released, making Bhavish Aggarwal debt-free at a personal level.

Despite this development, the company stressed that there is no change in promoter control and no effect on daily operations or long-term plans. The share sale was not related to company fundraising or internal financial matters.

The transaction follows a recent trend of declining stock price over the past few months. The share has seen a steady fall of over 30{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} in the last quarter, driven by continued selling pressure and investor concerns over market volatility and EV sector sentiment.

Latest Updates (as of December 18, 2025):

• As of market open today, the stock continues to remain under pressure, trading at ₹31.88 around 9:46 a.m.

• Industry experts suggest that investor caution is driven by both the promoter’s recent share sale and broader concerns over electric vehicle adoption rates, battery supply chain challenges, and margin pressure in the sector.

• However, Ola Electric has recently reaffirmed its focus on expanding its charging infrastructure and launching new two-wheeler models over the next two quarters.

• The company is also preparing for its first major export shipment to Southeast Asia in early 2026, which could potentially support its revenue base.

Ola Electric maintains that its core strategy remains intact and that it continues to invest in product development, customer service, and manufacturing capacity. The recent share movement is being positioned as a personal financial step by the founder, with no bearing on company health.